Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated compounds with enhanced metabolic stability and bioavailability. Its structure allows for selective functionalization in cross-coupling reactions, making it valuable in medicinal chemistry for building complex aromatic systems. Commonly employed in the preparation of kinase inhibitors and other biologically active molecules where the trifluoromethyl group contributes to improved lipophilicity and binding affinity.